Morning Minute: Commitment to homeownership is strong, even among those facing housing difficulties

The lure of homeownership and the financial and lifestyle benefits it has to offer are strong. Fannie Mae recently surveyed delinquent borrowers and found that even with their housing struggles, they were committed to the idea of homeownership.

The findings counter claims by some that the U.S. could become a nation of renters, said Steve Deggendorf, a director with Fannie Mae.

In a more in-depth article, “A nation of renters? Not so, delinquent borrowers say,” HousingWire covers the survey and the trend of delinquent borrowers becoming more positive about the market.

In other headlines:

Underpricing homes triggers bidding wars – Chicago Tribune

HUD: Reverse Mortgage Endorsements Trend Down in August – Reverse Mortgage Daily

A Growing Trend: From Office to Condo – Realtor.org

Homebuilders drive into peak season – HousingWire

 

This entry was posted in Consumer Information, Housing Market by Stephanie Sievers. Bookmark the permalink.

About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.

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